straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back. my next guest has a long history on wall street and washington. in the '80s, robert hormats was secretary of affairs. he was vice chairman of goldman sachs. basically, he's a big shot. welcome, bob. great to have you on the program. >> always a pleasure. >> so much to talk about. where are you just back from? >> i was at the conference, the apec conference in the russian far east, which is booming with energy and a lot of other things. >> are they not getting impacted by europe? you have europe a complete mess, china slowing down. how worried are you about global growth? >> i am worried about global growth. i don't think it's a crisis. certainly many parts of europe are slowing down. china is slowing down, although it's still growing at a reasonable rate. certainly we're going to see a slow down. it's one that need not lead to a sharp downturn. it'll certainly slow growth around the world and will certainly adversely affec